EURUSD
Although the pair did rise this Monday following the increased demand for risk assets, it’s still trading flat. It’s likely to correct downwards, as it’s locally overbought.
The price is above the middle line of the borders of Bollinger bands, above EMA 5 and EMA 13. RSI is above the level of 50%. Stochastic oscillators are in the overbought zone.
Trading recommendations:
If the price doesn’t pass the mark of 1.2335, there’s a chance of a local fall down to 1.2260.